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Interactive Mercantile Information of the Mercantile Registries of Spain
MERCANTILE REGISTRY IN MALAGA
Issued on: 03/09/2019 at 12:44 pm.
ACCOUNT DEPOSITS
GENERAL DATA
Company name: IBANCAR WORLD SL
Start of Operations: 19/08/2011
Registered Address: AVDA DE LOS CONDES DE SAN ISIDRO 13
3ºC - EDIFICIO OFISOL
FUENGIROLA29640-MÁLAGA
Duration: Indefinite
N.I.F.: B93145001
Registration data: Sheet MA-111067
Volume 4936
Folio 110
Business purpose: Main activity: 6619. Other activities auxiliary to financial services,
which are specified in loans dedicated to consumption, except
insurance and pension fund, and excluding the activities listed in
Articles 63.1.g, 63.2.c, and 63.2.g of Law 47/2007, and will also be
carried out with express submission to the rules of the Law 2/2009 of
31 March, regulating the contracting with consumers of mortgage loans
or credits and financial intermediation services. Other activities:
Marketing of financial services by means of long-distance and face-to-
face communication. Purchase, sale, and rental of first and second-
hand heavy and light motor vehicles. Purchase, sale, and lease of real
estate. Trade in jewellery and costume jewellery; purchase and sale of
gold; pawn of valuables and recoverable pledge contracts; retail trade
of watches and jewellery in specialised stores.
Structure of the body: Board of directors
2018
Accounts last filed:
VALID TITLE REGISTRATION REQUESTS
There are no valid title registration requests.
SPECIAL CIRCUMSTANCES
There are no special circumstances.
SA: 01011 SL: 01012
____________ (3)
IDP1
X
____________ (3)
04010
04121
04123
04120
04122
COMPANY IDENTIFICATIONLegal form:
NIF: 01010 B93145001 Other: 01013
LEI: 01009 Only for companies that have LEI Code (Legal Entity Identifier)
Municipality: 01023 FUENGIROLA Province: 01025 MALAGA
Which: Employed persons with a disability greater than or equal to 33% (or local equivalent qualification):
b) Salaried staff at the end of the financial year, by type of contract and by sex
YEAR MONTH DAY YEAR MONTH DAY
ACCOUNTS SUBMISSION YEAR
Start date to which the accounts refer: 01102
End date to which the accounts refer: 01101
MICRO-ENTERPRISES
Tick if the enterprise has opted for the joint adoption of the specific criteria, applicable to micro-enterprises, provided for in the General Chart of Accounts for SMEs (6).
(4) To calculate the average number of permanent staff, please note the following criteria: a) If there have been no significant staff movements during the year, indicate here the sum of the fixed staff at the beginning and end of the year. b) If there have been movements, calculate the sum of the staff in each of the months of the year and divide it by twelve. c)
GENERAL IDENTIFICATION DATA AND COMPLEMENTARY INFORMATION REQUIRED BY SPANISH LEGISLATION
(Application of results and average payment period to suppliers)
Corporate Name: 01020 IBANCAR WORLD S.L.
Registered Address: 01022 AVDA. CONDES DE SAN ISIDRO 13 3 C
ZIP Code: 01024 29640 Phone: 01031 952.864.645
Company's contact e-mail address 01037 [email protected]
ACTIVITY
Main activity: 02009 Other activities auxiliary to financial services
CNAE Code: 02001 6619 (1)
YEAR 2017
SALARIED STAFF
a) Average number of persons employed in the course of the year, by type of contract and employment with
disability: YEAR 2018 (2)
PERMANENT (4): 04001 5,92 3,02
TEMPORARY (5): 04002 3,17 4,62
2
1 2
MEN WOMEN MEN WOMEN
4
YEAR 2017 YEAR 2018 (2)
2017 (3)2018 (2) YEAR
(1) According to the classes (four digits) of the National Classification of Economic Activities 2009 (CNAE 2009), approved by Royal Decree 475/2007, of 13 April (BOE of 28.4.2007). (2) Year to which the annual accounts refer.(3) Previous year
2018 1 1
2018 12 31
2017 1 1
2017 12 31
21Number of pages submitted to the filing system: 0190
If no figures are given for any of the financial years, please indicate why: 01903
01902 NO
No. of persons hired × 52
In case of temporary regulation of employment or working hours, the personnel affected by such regulation should be included as permanent personnel, but only in the proportion corresponding to the fraction of the year or working day actually worked.
(5) You can calculate the average temporary staff by adding the total number of weeks worked by your temporary employees and dividing by 52 weeks. You can also do this operation (equivalent to the previous one): average number of weeks worked
GENERAL IDENTIFICATION DATA AND COMPLEMENTARY INFORMATION REQUIRED BY SPANISH LEGISLATION
(Application of results and average payment period to suppliers)
(1) Articles 253.1 and 273.1 of the Spanish Capital Companies Act (RD 1/2010 of 2 July). (2) Year to which the annual accounts refer.(3) Previous year(4) Calculated in accordance with article five of the Resolution of 29 January 2016 of the Institute of Accounting and Auditing.
YEAR
RESULTS APPLICATION (1)
Basis of distribution YEAR
Statutory reserve 91005
INFORMATION ON THE AVERAGE PAYMENT PERIOD TO SUPPLIERS DURING THE FISCAL YEAR (4)
Average payment period to suppliers (days) 94705
IDP2
Special reserves 91007
Voluntary reserves 91008
Dividends 91009
Remaining surplus and others 91010
Offsetting losses from previous years 91011
APPLICATION = TOTAL BASIS OF DISTRIBUTION 91012
-12.939,67 19.159,61
0 19.159,61
0 0
0 0
0 0
0 0
4.938,59
14.221,02
0 0
0 0
0 19.159,61
0 0
Balance of the profit and loss account 91000
Remaining surplus 91001
Voluntary reserves 91002
Other unrestricted reserves 91003
TOTAL BASIS OF DISTRIBUTION = TOTAL APPLICATION 91004
Application to YEAR 2018 (2) YEAR 2017 (3)
2018 (2) YEAR 2017 (3)
2018 (2) YEAR 2017 (3)
30 30
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001
1. ACTIVITY OF THE SOCIETY
2. BASIS OF PRESENTATION OF THE ANNUAL ACCOUNTS
3. RECOGNITION AND MEASUREMENT
4. TANGIBLE, INTANGIBLE FIXED ASSETS AND REAL STATE
INVESTMENTS
5. FINANCIAL ASSETS
6. FINANCIAL LIABILITIES
7. EQUITY
8. FISCAL SITUATION
9. RELATED PARTY TRANSACTIONS
10. OTHER INFORMATIONS
Page 1
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001
1.- ACTIVITY OF THE SOCIETY
IBANCAR WORLD S.L., to which this report refers, was incorporated in 0000 and has its
registered office and tax domicile at AV CONDES DE SAN ISIDRO, 13, 3, C, 29640,
FUENGIROLA, MALAGA. The legal framework at the time of its incorporation was a limited
company.
ACTIVITY:
The main activity of the Company is as follows:
OTHER ACTIVITIES AUXILIARY TO FINANCIAL SERVICES
REGISTRATION DATA:
The Company is registered in the Register of MALAGA 5, volume: 4936, folio: 110, sheet: MA-
111067, dated 25/10/2011.
2.- BASIS OF PRESENTATION OF THE ANNUAL ACCOUNTS
1. True and Fair View:
The annual accounts have been prepared on the basis of the accounting records and the legal
provisions in force on accounting matters, which have been applied in order to give a true and
fair view of the Company's net worth, financial position, and results.
2. Accounting Principles:
It has not been necessary, nor has it been deemed appropriate by the administration of the
Company, for the application of optional accounting principles, other than the mandatory ones
referred to in Article 38 of the Commercial Code, and the first part of the general accounting plan
for SMEs.
3. Critical Aspects of the Valuation and Estimation of Uncertainty:
In the preparation of the 2018 annual accounts, estimates and assumptions were made based
on the best information available as of 31/12/2018 regarding the events analysed. It is possible
that events that may take place in the future will make it necessary to modify them (upwards or
downwards) in coming years, which would be done prospectively, recognising the effects of the
change in estimate for the corresponding future annual accounts.
4. Comparison of Information:
There is no reason why the financial statements for the current period should not be compared
with those for the preceding period.
5. Items Collected Under Several Headings:
There are no assets or liabilities that appear in more than one item of the Balance Sheet.
6. Changes in Accounting Criteria:
Page 2
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 In the current year, no other changes have been made to the accounting criteria of the new
General Accounting Plan SMEs.
7. Correction of Errors:
There were no errors detected at year-end that would require the accounts to be restated.
Anticipated events after year-end that could make it advisable to adjust the estimates are
discussed in the corresponding sections.
3.- RECOGNITION AND MEASUREMENT
The following accounting standards have been applied:
1. Intangible Assets:
a. Cost:
Intangible assets are recognised at acquisition and/or production cost and are subsequently
measured at cost, less any accumulated amortisation and/or impairment losses. These assets
are depreciated over their useful lives.
b. Amortisations:
Intangible assets are depreciated on a straight-line basis over the years of estimated useful
life, considered in accordance with the depreciation tables.
c. Impairment:
The Company recognises any impairment loss on the carrying amount of these assets. The
criteria for recognising impairment losses on these assets and, where applicable, for
recovering impairment losses recognised in prior years are similar to those applied to
property, plant, and equipment.
2. Tangible Fixed Assets:
a. Cost:
Tangible fixed assets are measured at acquisition or production cost and reduced by the
related accumulated depreciation, including any known impairment losses. The acquisition
price or production cost includes the additional expenses necessarily incurred until the asset
is ready for use.
Expansion, replacement, or renewal costs that increase the useful life of the asset, or its
economic capacity, are recorded as an increase in the amount of tangible fixed assets, with
the resulting accounting for retirement of the replaced or renewed items. Periodic
maintenance, upkeep, and repair expenses are expensed on an accrual basis, as a cost in
the year in which they are incurred.
There were no items during the year that could be considered, in the opinion of the
Company's management, extensions, modernisation, or improvements to tangible fixed
assets.
Page 3
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 No work has been carried out on the Company's fixed assets.
Leases are classified as finance leases, provided that their terms substantially transfer the
risks and rewards of ownership to the lessee. Other leases are classified as operating
leases.
With respect to finance leases at the initial stage, an asset is recognised in accordance with
its nature, and a financial liability is recognised at the fair value of the leased asset. The
initial direct expenses inherent in the transaction are considered as the highest value of the
asset. The total finance charge is distributed over the lease term and allocated to the income
statement using the effective interest method.
b. Amortisations:
Depreciation has been established systematically and rationally on the basis of the useful life
of the assets and their residual value, taking into account the depreciation they normally
suffer as a result of their operation, use, and enjoyment, without prejudice to also considering
the technical or commercial obsolescence that could affect them. Each tangible fixed asset
has been depreciated separately on a straight-line basis, in accordance with the depreciation
tables.
The depreciation policy for leased assets is similar to that for the Company’s tangible fixed
assets. If there is no reasonable assurance that the lessee will obtain the title at the end of
the lease, the asset is depreciated over the shortest period between the estimated useful life
and the term of the lease.
c. Impairment:
At each year-end closing date, the Company reviews the carrying amounts of its tangible
fixed assets to determine whether there is any indication that these assets have suffered an
impairment loss. If there is any indication, an estimate is made of the recoverable amount of
the related asset to determine the amount of the necessary impairment. The impairment of
these tangible fixed assets is calculated on an individual basis.
Impairment adjustments are recognised as an expense in the income statement.
Impairment losses recognised on a tangible asset in prior years are reversed when there is a
change in the estimates of its recoverable amount, increasing the value of the asset with a
credit to profit or decreasing with a loss, up to the limit of the carrying amount that the asset
would have had if the impairment had not been reversed.
3. Land and Buildings Classified as Investment Property:
There is no land or buildings qualified as real estate investments in the Company's balance
sheet.
4. Barters:
There were no commercial or non-commercial barters during the year.
5. Financial Assets and Financial Liabilities:
Page 4
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 a) Criteria used for the rating and valuation of the different categories of financial assets and
liabilities:
For valuation purposes, financial assets are classified in one of the following categories:
Financial Assets at Amortised Cost
The financial assets included in this category are initially measured at cost, which is the fair value
of the consideration given, plus the transaction costs directly attributable to it; however, the latter
may be recognised in the profit and loss account on initial recognition.
Nonetheless, commercial loans maturing in no more than one year, and not bearing a contractual
interest rate, advances and loans to employees, guaranteeing dividends receivable and required
disbursements on equity instruments, the amount of which is expected to be received in the short
term, have been measured at their nominal value because the effect of not discounting cash
flows is not significant.
These financial assets are subsequently measured at amortised cost. Accrued interest is
recognised in the Income Statement using the effective interest method.
The contributions made as a result of equity, and similar accounts contracts, have been valued at
the cost, increased or decreased by the profit or loss, respectively, corresponding to the
Company as a non-managing participant, and less, where appropriate, the accumulated amount
of the valuation corrections due to impairment.
Notwithstanding the foregoing, assets maturing in no more than one year which, in accordance
with the provisions of the preceding section, were initially valued at their nominal value and
continue to be valued at that amount, unless they have become impaired.
For financial assets at variable interest rates, the effective interest rate corresponding to the
closing date of these annual accounts is used in accordance with the contractual conditions.
Where appropriate, as a substitute for the present value of future cash flows, the quoted value of
the asset has been used, provided that it is sufficiently reliable to be considered representative of
the value that the Company could recover.
Financial Assets Held for Trading
Financial assets held for trading are initially measured at cost, which is the fair value of the
consideration given. Transaction costs directly attributable to it were recognised in the profit and
loss account for the year. The amount of pre-emptive subscription and similar rights acquired, if
any, forms part of the initial valuation.
Subsequently, they were measured at fair value, without deducting any transaction costs incurred
in disposing of them. Changes in fair value have been recognised in the Income Statement for the
year.
Financial Assets Valued at Cost
Financial assets are initially valued at cost, which is the fair value of the consideration given, plus
the transaction costs directly attributable to it. The initial valuation includes the amount of the pre-
emptive subscription rights and similar rights that may have been acquired.
Page 5
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 They are subsequently measured at cost, less any accumulated impairment losses.
Interest and Dividends Received from Financial Assets
Interest and dividends on financial assets accrued subsequent to acquisition are recognised as
income in the Income Statement. Interest has been recognised using the effective interest
method and dividends when the right of the partner to receive it has been declared.
For measurement purposes, financial liabilities are classified in one of the following categories:
Financial Liabilities at Amortised Cost
The financial liabilities included in this category are initially measured at cost, which is the fair
value of the consideration received, adjusted for the transaction costs directly attributable to
them; however, the latter, as well as the financial commissions charged to the Company when
debts to third-parties arise, have been recognised in the Income Statement on initial recognition.
Notwithstanding the foregoing paragraph, debits for commercial transactions maturing in no more
than one year, and not bearing a contractual interest rate, guarantees disbursements required by
third-parties on investments, the amount of which is expected to be paid in the short term and
have been measured at their nominal value, because the effect of not discounting cash flows is
not significant.
Subsequently, the financial liabilities included in this category are measured at amortised cost.
Accrued interest is recognised in the Income Statement using the effective interest method.
Contributions received as a result of equity, and similar accounts contracts, are measured at cost,
increased or decreased by the profit or loss, respectively, that must be attributed to the non-
managerial participants.
Notwithstanding the foregoing, debits maturing in no more than one year that are initially valued
at their nominal value will continue to be valued at that amount.
Financial Liabilities Held for Trading
The criteria used to measure these financial liabilities were the same as those described in
"Financial Assets Held for Trading”.
b) Valuation Adjustments for Impairment:
At year-end, the necessary valuation adjustments were made, since there was objective evidence
that the value of a financial asset, or group of financial assets with similar risk characteristics
valued collectively, has deteriorated as a result of one or more events that have occurred after its
initial recognition, which caused a reduction or delay in the estimated future cash flows.
The amount of the valuation adjustment is the difference between its carrying amount and the
recoverable amount, understood as the greater of its fair value, less costs to sell, and the present
value of the calculated future cash flows arising from the investment, either by estimating those
expected to be received as a result of the distribution of dividends made by the investee and the
disposal or derecognition of the investment by the investee, or by estimating its share of the cash
flows expected to be generated by the investee, both from its ordinary activities and from its
disposal or derecognition.
Page 6
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 In the case of investments in the equity of non-group companies admitted to trading, the quoted
market value of the asset has been used as a substitute for the present value of future cash
flows, provided that it is sufficiently reliable to be considered representative of the value that the
Company could recover.
Investments not admitted to listing are taken into consideration using the equity of the investee,
adjusted for the unrealised gains existing at the valuation date.
Impairment adjustments and, where applicable, their reversal have been recorded as an expense
or income, respectively, in the Income Statement. The reversal of impairment was limited to the
carrying amount of the investment, which is recognised at the date of reversal, if no impairment
has been recognised.
The impairment loss on these financial assets is the difference between their carrying amount
and the present value of the future cash flows estimated to be generated, discounted at the
effective interest rate calculated on initial recognition.
c) Criteria Used to Record the Derecognition of Financial Assets and Financial Liabilities:
The criteria used to derecognise a financial asset are when the contractual rights over the cash
flows of the financial asset have expired, or have been transferred, and that the risks and rewards
of ownership of the financial asset must have been substantially transferred.
Once the asset has been derecognised, the gain or loss arising from this transaction forms part of
profit or loss for the period in which it arose.
In the case of financial liabilities, the Company derecognises them when the obligation is
extinguished. A financial liability is also derecognised when it arises under substantially different
conditions.
The difference between the carrying amount of the financial liability and the consideration paid,
including attributable transaction costs, is recognised in the Income Statement.
No financial assets or liabilities were derecognised during the year.
d) Investments in Group, Multi-Group, and Associated Companies:
No investments have been made in group companies, multi-group entities, or associated
companies.
e) Criteria Used in the Determination of Income or Expenses from the Different Categories of
Financial Instruments:
Interest and dividends on financial assets reported after acquisition have been recognised as
income in the Income Statement. The effective interest method was used for the recognition of
interest. Dividends are recognised when the partner's right to receive them is declared.
6. Own-Equity Instruments Held by the Company:
No own-equity instruments were recognised during the year.
7. Inventory:
Page 7
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 Inventories are valued at acquisition or production cost. If they need a period of time longer than
one year to be able to be sold, the appropriate financial expenses are included in this value.
When the net realisable value is lower than its acquisition price or production cost, the
corresponding valuation adjustments are made.
Net realisable value represents the estimated selling price, less all estimated completion costs
and estimated costs that will be required in the marketing, sale, and distribution processes.
The Company assesses the net realisable value of inventories at year-end and recognises the
appropriate loss when inventories are overvalued.
When the circumstances that previously caused the decrease no longer exist, or when there is
clear evidence of an increase in the net realisable value due to a change in economic
circumstances, the amount of this decrease is reversed.
8. Foreign Currency Transactions:
There were no foreign currency transactions.
9. Corporate Income tax:
The income tax expense represents the sum of the income tax expense for the year and the
effect of changes in deferred tax assets and liabilities and tax credits.
The income tax expense for the year is calculated as the sum of the current tax, resulting from
the application of the tax rate to the taxable profit for the year, after applying the tax deductions
that are admissible for tax purposes, plus the change in prepaid/deferred tax assets and liabilities
and tax credits, both for tax losses and for tax credits.
Deferred tax assets and liabilities include timing differences, identified as those amounts
expected to be paid or recoverable as a result of differences between the carrying amounts of
assets and liabilities and their tax bases, tax loss carryforwards, and tax credit carryforwards.
These amounts are recognised by applying the temporary difference or credit corresponding to
the tax rate at which they are expected to be recovered or settled.
Deferred tax liabilities are recognised for all taxable, temporary differences. Deferred tax assets
are identified as temporary differences; tax loss carryforwards and tax credits are only recognised
if it is considered probable that the Company will have sufficient taxable profit in the future against
which they can be utilised.
The deferred taxes recognised (both assets and liabilities) are reviewed at each balance sheet
date to ensure that they remain current, and the appropriate corrections are made on the basis of
the results of the analyses performed.
10. Revenues and Expenses - Services Provided by the Company:
Revenues and expenses are recognised on an accrual basis, i.e. when the actual flow of the
goods and services they represent occurs, regardless of when the resulting monetary or financial
flow arises. Specifically, income is calculated at the fair value of the consideration receivable and
represents the amounts receivable for goods and services provided in the ordinary course of
business, net of discounts and taxes.
Page 8
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 Interest income is accrued on a time-proportion basis, based on the principal outstanding and the
effective interest rate applicable. Services provided to third-parties are recognised on acceptance
by the customer. Services provided to third-parties are recognised in the form of acceptance by
the customer. Services provided to third-parties are recognised in the form of acceptance by the
customer, which, at the time the financial statements are issued, are realised but not accepted,
and are valued at the lower of the costs incurred and the estimated acceptance.
Revenues are measured at the amount actually received, and expenses at acquisition cost, and
are recognised on an accrual basis.
11. Provisions and Continences:
The Company's annual accounts include all significant provisions in which it is more likely than
not that the obligation will have to be met. Provisions are recognised only on the basis of present
or past events, giving rise to future obligations. They are quantified on the basis of the best
information available as to the consequences of the event which gives rise to them and are re-
estimated at each accounting close. They are used to meet the specific obligations for which they
were originally recognised. They are fully or partially reversed when these obligations cease to
exist or diminish.
12. Subsidies, Donations, and Legacies:
Non-refundable subsidies, donations, and legacies are recognised as income directly in equity
and are recognised in the Income Statement as income on a systematic and rational basis,
correlated with the expenses arising from the subsidised expense or investment.
Subsidies, donations, and legacies that are repayable are recorded as liabilities of the Company
until they acquire the condition of non-refundable.
Subsidies, donations, and legacies that are non-refundable will be charged to income according
to their purpose.
13. Joint Ventures:
There is no jointly controlled economic activity with another natural or legal person.
14. Related Party Transactions:
There are no transactions between related parties.
04 – TANGIBLE, INTANGIBLE FIXED ASSETS AND REAL ESTATE INVESTMENTS
1. Analysis of the current and previous year's comparative movement of tangible, intangible fixed
assets and real estate investments, and their corresponding, accumulated depreciation and value
corrections due to accumulated impairment:
Movement of Intangible Assets Amount 2018 Amount 2017
GROSS INITIAL BALANCE 1.492,50 1.492,50
(+) Inputs
(+) Value Adjustments for Updating
(-) Outputs
GROSS FINAL BALANCE 1.492,50 1.492,50
Page 9
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 The Company does not have any intangible assets with indefinite useful lives.
The Company has no real estate investments.
2. Financial Leases and Other Operations of a Similar Nature on Non-Current Assets:
05 - FINANCIAL ASSETS
1. The movement in long-term financial assets is shown below:
Long-Term Loans, Derivatives, and Other Amount 2018 Amount 2017
INITIAL BALANCE 391.542,20 226.116,84
(+) Additions 295.165,01 165.425,36
(+) Transfers and Other Changes
(-) Outflows and Reductions 4.979,38
(-) Transfers and Other Variations
FINAL BALANCE 682.027,83 391.542,20
2. Corrections for Value Impairment Due to Credit Risk:
There are no corrections for value impairment caused by credit risk.
3. Fair Value and Changes in the Value of Financial Assets Measured at Fair Value:
a) Fair value is determined in full by reference to quoted prices in active markets.
b) Fair value by category of financial asset and changes in value recognised in the Income
Statement are disclosed below, as well as those recognised directly in equity.
c) There are no derivative financial instruments, other than those classified as hedging
instruments.
4. Group Companies, Jointly Controlled Entities, and Associates:
IBANCAR WORLD S.L. is not related to entities that could be considered a group, multi-group, or
associated companies.
06 - FINANCIAL LIABILITIES
Information about:
a) Maturity of debts at the close of fiscal year 2018:
Maturity in Years
1 2 3 4 5 More
Than 5
TOTAL
Amounts Owed to Credit Institutions 141.555,71 141.555,71
Financial Lease Creditors 3.919,95 3.919,95
Other Debts -11.774,02 -11.774,02
Payable to Group and Associated
Companies
Non-Current Trade Payables
Trade and Other Payables
Suppliers 1.279,55 1.279,55
Other Creditors 19.148,55 19.148,55
Debt with Special Characteristics
TOTAL 154.129,74 154.129,74
Page 10
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001
b) There are no secured debts.
c) There are no defaults on outstanding loans in either the current or the previous year.
07 - EQUITY
At the beginning of the financial year, the Company did not have, nor did it acquire during the
financial year, any shares or holdings of its own.
The loan that the Company maintains with related parties has the option of conversion to capital.
Consequently, the Administration contemplates the possibility of a capital increase through the
capitalisation of the aforementioned debt.
08 – FISCAL SITUATION
1. Current Income Tax Expense: In the current year, the amount recorded for current income
tax expense is 0.00 euros.
2. The age and expected period for tax recovery of tax base credits is as follows:
Credit Accounting Year Aging Amount
3. Deduction for Investment of Profits: The profit qualifying for the deduction for investment of
profits, and the details of the investments made, are as follows:
- No profit investment
Pursuant to Article 25 of Law No 14/2013 of 27 September 2013, the details of the profit
investment reserve are set out in the notes to the accounts:
- No restricted reserve endowed
09 - RELATED PARTY TRANSACTIONS
1. There are no transactions with related parties.
2. The remuneration of senior management staff is as follows:
Concepts Amount 2018 Amount 2017
3. The remuneration of the members of the Board of Directors is detailed below:
Concepts Amount 2018 Amount 2017
10 - OTHER INFORMATIONS
1. The average total workforce is detailed below:
Page 11
MEMORY 2018 (SME)
IBANCAR WORLD S.L. B93145001 AVERAGE TOTAL
EMPLOYMENT
Year 2018 Year 2017
9,09 7,64
2. The Company has not signed any agreement that is not included in the balance sheet.
3. There were no subsidies, donations, or legacies received during the previous year.
Page 12
B93145001
ESTER RUIZ NUÑEZ
[BARCODE]
[BARCODE]
[FINGERPRINT]
THE ABOVE PERSONS CERTIFY THAT THE DIGITAL DEPOSIT GENERATES THE FOLLOWING FINGERPRINT:
DIGITAL FINTERPRINT H
COMPANY:
REGISTERED ADDRESS:
YEAR:
NAME OF THOSE PROVIDING THE CERTIFICATION
IBANCAR WORLD, S.L. NIF:
AV. CONDES DE SAN ISIDRO NUM 13 3C
DISTRICT: FUENGIROLA PROVINCE: MALAGA 2018
Fingerprint Generation Date: 25/7/2019 17:38
IBANCAR WORLD S.L.
Mrs. ESTER RUIZ NUNEZ in her capacity as Non-Board Member Secretary of IBANCAR WORLD S.L. with
CIF B93145001.
I CERTIFY THAT:
The Minutes Book of the entity states the following:
1. On June 30, 2019 in FUENGIROLA its General Meeting was held with ALL SHAREHOLDERS PRESENT.
2. The minutes should include the names and signatures of the attendees, who at the end of the meeting approved
the minutes, which were signed by the Chairman and Secretary of the meeting.
3. That the following resolutions were unanimously adopted:
• APPROVAL OF THE ANNUAL ACCOUNTS for the financial year 2018, closed on 31 December
2018.
• APPLY THE RESULT in the following terms:
PROFIT/LOSS ACCOUNTS 2018
Gain and Losses -12.939,67
Total 0,00
DISTRIBUTION 2018
Total Distributed 0,00
I ALSO CERTIFY:
1. That the Company fulfills the conditions for formulating the annual accounts according to the SME accounting
plan due to the following circumstances during the last two financial years:
PYMES
Limit 2018 2017
Annual Turnover 8.000.000,00 557.921,74 653.620,32
Total Assets in the Balance Sheet 4.000.000,00 928.865,52 740.338,51
Average Number of Workers 50,00 9,09 7,64
2. That the Annual Accounts for fiscal year 2018 have been prepared in FUENGIROLA, on 31 March 2019 and
approved on 30 June 2019.
3. The approved annual accounts are those attached to the Zip file, which has been submitted with this
certification, and which has generated the following alphanumeric code:
6j8UV4dLdBmaYsFOIQ+FXaSgpfnPBz/sAKd/r1CJw6M=.
4. The documents sent telematically have not been subject to auditor verification.
5. That they have been signed by all the members of the administrative body, in force.
And in the witness whereof, I hereby issue this certificate in FUENGIROLA, 25 July 2019. Page 1
IBANCAR WORLD S.L.
With the approval of the President,
ALEXANDER HERMANUS CORNELIS MELIS, with NIF: X9563465I
[Signed]
ESTER RUIZ NUNEZ, with N.I.F. 45101333N
Non-Board Member Secretary
[Signed]
Page 2
BP1 SME Balance sheet
NIF: B93145001 Space for administrators' signatures
Unit1 Euros 09001
CORPORATE NAME: IBANCAR WORLD, S.L.
ASSETS NOTES TO
THE REPORT YEAR 20182 YEAR 20173
A) NON-CURRENT ASSETS 11000 740.026,72 475.649,58
I. Intangible assets 11100 259,20
II. Tangible fixed assets 11200 55.926,40 84.848,18
III. Property, Plant & Equipment Investments 11300
III. L/T investments in group and associated companies 11400 135.880,76
IV. L/T Financial investments 11500 546.147,07 391.542,20
V. Deferred tax assets 11600 2072,49
VI. Non-current commercial debtors 11700
B) CURRENT ASSETS 12000 188.838,80 263.688,93
I. Inventories 12200 35.219,87 21.296,00
II. Commercial debtors and other accounts receivable 12300 30.860,20 11.879,87
1. Clients from sales and provision of services 12380 3.092,23 3.019,28
a) Clients from sales and provision of services – L/T. 12381
b) Clients from sales and provision of services – S/T. 12382 3.092,23 3.019,28
2. Shareholders (partners) for required disbursements 12370
3. Other debtors 12390 27.787,97 8.860,59
III. C/T investments in group and associated companies 12400 1.283,04
IV. Short-term financial investments 12500 -224,46 97.789,12
V. Short-term accruals 12600
VI. Cash and cash equivalents 12700 122.963,19 131.431,90
TOTAL ASSETS (A+B) 10000 928.865,52 740.338,51
1 All the documents included in the annual accounts shall have their value in euros. 2 The financial year to which the annual accounts refer. 3 Previous year.
BP2.1
SME BALANCE SHEET
NIF: B93145001 Space for administrators’ signatures
CORPORATE NAME: IBANCAR WORLD, S.L.
LIABILITIES AND NET WORTH NOTES TO
THE REPORT YEAR 20184 YEAR 20175
A) NET ASSETS 20000 490.431,17 508.370,84
A-1) Equity 21000 490.431,17 508.370,84
I. Capital 21100 8.400,00 8.400,00
1. Authorised capital 21110 8.400,00 8.400,00
2. (Uncalled funds) 21120
II. Issue premium 21200 144.000,00 144.000,00
III. Reserves 21300 350.970,84 331.811,23
1. Capitalisation reserves 21350 9.419,62 7.057,77
2. Other reserves 21360 341.551,22 324.735,46
IV. (Treasury stock or shares) 21400
V. Results of previous years 21500
VI. Other shareholder contributions 21600 5.000,00
VII. Result of the year 21700 -12.939,67 19.159,61
VIII. (Interim dividend) 21800
A-2) Equity adjustments allocable 22000
A-3) Subsidies, donations and legacies received 23000
B) LONG-TERM LIABILITIES 31000 284.176,04 164.634,23
I. Long-term provisions 31200
II. Long-term debts 31220 155.676,04 162.393,49
1. Debts with financial institutions 31230 88.736,43 116.746,75
2. Financial lease liabilities 31290 29.462,63 45.646,74
3. Other long-term debts 31300 37.476,98
III. L/T debts in group and associated companies 31400 128.500,00
IV. Deferred tax liabilities 31500 2.240,74
V. Long-term accruals 31600
VI. Non-current trade creditors 31700
VII. Long-term debt with special characteristics 20000
4 The financial year to which the annual accounts refer. 5 Previous year.
BP2.1
SME BALANCE SHEET
NIF: B93145001 Space for administrators’ signatures
CORPORATE NAME: IBANCAR WORLD, S.L.
LIABILITIES AND NET WORTH NOTES TO
THE REPORT YEAR 20186 YEAR 20177
C) CURRENT LIABILITIES 32000 154.258,31 67.333,44
I. Short-term provisions 32200
II. Short-term debts 32300 133.701,64 51.88,92
1. Debts with financial institutions 32320 141.555,71 48.396,92
2. Financial lease creditors 32330 3.919,95
3. Other short-term debts 32390 -11.774,02 2.792,00
III. S/T debts in group and associated companies 32400
IV. Trade and other payables 32500 20.556,67 16.144,52
1. Suppliers 32580 1.279,55 -145,75
a) Long-term suppliers 32581
b) Short-term suppliers 32582 1.279,55 -145,75
2. Other creditors 32590 19.277,12 16.290,27
V. Short-term accruals 32600
VI. Short-term debt with special characteristics 32700
TOTAL LIABILITIES AND NET WORTH (A+B+C) 30000 928.865,52 740.338,51
6 The financial year to which the annual accounts refer. 7 Previous year.
A1
SAMPLE INFORMATION DOCUMENTS
ON OWN SHARES OR INTERESTS
COMPANY
IBANCAR WORLD, S.L. NIF B93145001
REGISTERED ADDRESS
AVDA. CONDES DE SAN ISIDRO 13 3 C
MUNICIPALITY
FUENGIROLA
PROVINCE
MALAGA
YEAR
2018
The company has not carried out any operation during this year on its own shares / interests. (Note: In this case the single presentation of this sheet A1 is satisfactory)
(X)
Balance at end of previous year: Balance at the end of the year:
0 0
Shares/interests Shares/interests
0% of share capital 0% of share capital
Date Concept*
Date agreem. of the General Shareholders' Meeting
N° of shares or interests
Nominal Share capital Percentage
Price or consideration
Balance after operation
Note: If necessary, please use as many copies of sheet A1.1 as required.
* AO: Original acquisition of own shares or interests or those of the parent company (Articles 135 et seq. of the Spanish Capital Companies Act). AD: Direct derivative acquisition; AI: Indirect derivative acquisition; AL: Free Acquisitions (Articles 140, 144 and 146 of the Spanish Capital Companies Act). ED: Transfer of shares acquired in contravention of the first three requirements of Article 146 of the Spanish Capital Companies Act. EL. Transfer of freely acquired shares or interests (Article 145.1 of the Spanish Capital Companies Act). RD: Redemption of shares ex article 146 of the Spanish Capital Companies Act. RL: Redemption of freely acquired shares or interests (Article 145 of the Spanish Capital Companies Act). AG: Acceptance of own shares in guarantee (article 149 of the Spanish Capital Companies Act).
PP AF: Shares acquired through financial assistance from the entity itself (article 150 of the Spanish Capital Companies Act). PR: Reciprocal shares or interests (Articles 151 et seq. of the Spanish Capital Companies Act).
SME PROFIT AND LOSS ACCOUNT
NIF: B93145001 Space for administrators’ signatures
CORPORATE NAME: IBANCAR WORLD, S.L.
DEBIT AND CREDIT NOTES TO
THE REPORT YEAR 20188 YEAR 20179
1. Net business turnover 40100 557.921,74 653.620,21
2. Variation of Inventories of end products and products currently in production
40200
3. Work carried out by the company for its assets 40300
4. Supplies 40400 -159.665,50 -239.644,26
5. Other operating income 40500
6. Staff expenses 40600 -179.351,85 -171.366,38
7. Other operating expenses 40700 -198.438,70 -197.641,83
8. Depreciation of fixed assets 40800 -20.949,03 -5.507,30
9. Allocation of subsidies for non-trade and other fixed-asset investments
40900
10 Provision surpluses 41000 11. Impairment and profits/losses on disposal of fixed assets
41100
12. Other results 41300 A) OPERATING INCOME (1+2+3+4+5+6+7+8+9+10+11+12)
49100 -438,34 39.460,55
13. Financial income 41400 a) Allocation of subsidies, donations and legacies of a financial nature
41430
b) Other financial income 41490
14. Financial expenses 41500 -13.769,56 -12.307,86
15. Change in Fair Value of Financial Instruments 41600
16. Exchange gains/losses 41700 17. Impairment losses and income from disposal of financial instruments
41800 -3.000,00 -4.269,93
18. Other financial incomes/expenses 42100
a) Capitalisation of financial costs 42110
b) Financial income derived from creditors' agreements 42120
c) Other revenues and expenses 42130
B) FINANCIAL RESULTS (13 + 14 + 15 + 16 + 17 +18) 49200 -16.769,56 -16.577,79
C) PROFIT BEFORE TAXES (A+B) 49300 -17.252,90 22.882,76
19. Tax on profits 41900 4.313,23 -3.723,15
D) YEAR-END RESULT (C+19) 49500 -12.939,67 19.159,61
8 The financial year to which the annual accounts refer. 9 Previous year.
IMP
SME DOCUMENT SAMPLE REGARDING
ENVIRONMENTAL INFORMATIONS COMPANY
IBANCAR WORLD, S.L. NIF B93145001
REGISTERED ADDRESS
AVDA. CONDES DE SAN ISIDRO 13 3 C
MUNICIPALITY
FUENGIROLA
PROVINCE
MALAGA
YEAR
2018
The undersigned, as Administrators of the aforementioned Company, declare that NO environmental item of any kind is included in these annual accounts so that they, as a whole, may give a true and fair view of the company's results and financial position.
(X)
The undersigned, as Administrators of the aforementioned Company, declare that environmental items are included in these annual accounts so that they, as a whole, may give a true and fair view of the company's results and financial position.
()
SIGNATURES AND NAMES OF ADMINISTRATORS